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Applied Materials Stock Drops 8% on Weak Guidance and China Headwinds
Applied Materials stock fell 8% on Friday due to a weaker-than-expected Q2 revenue forecast of $7.1 billion, primarily caused by $400 million in projected losses from US export restrictions limiting sales of advanced chipmaking equipment to China and reduced demand from Chinese memory manufacturers;...
Applied Materials Stock Drops 8% on Weak Guidance and China Headwinds
Applied Materials stock fell 8% on Friday due to a weaker-than-expected Q2 revenue forecast of $7.1 billion, primarily caused by $400 million in projected losses from US export restrictions limiting sales of advanced chipmaking equipment to China and reduced demand from Chinese memory manufacturers;...
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